Elizabeth Holmes rose to international prominence when she became the world's youngest self-made billionaire in 2015 and was on the road to becoming the next Steve Jobs. However, she did not stay at the top for long, as everything came crumbling down. Find out how Noel Anne Daoust and Christian Holmes were involved in their daughter's journey.
Elizabeth dropped out of Stanford in 2003 to run the now-defunct biotech company Theranos. The Silicon Valley firm grew to become a multi-billion-dollar company. It was discovered that its blood testing technology had severe flaws that Holmes had been hiding. Theranos closed doors in 2018, and Elizabeth was charged with counts of fraud. A court found her guilty and sentenced her to 11 years in prison.
Noel Anne Daoust's profiles summary and bio
|Noel Anne Daoust
|Date of birth
|21st January 1950
|73 years in 2023
|Place of birth
|Washington, DC, United States
|Christian Holmes IV
|Christian Holmes V and Elizabeth Holmes
|Former policy aid on Capitol Hill
|Theranos founder and convicted fraudster
How old is Noel Holmes?
Elizabeth's mother, Noel Anne Daoust (aged 73 years as of 2023) was born on 21st January 1950 in the United States. Her zodiac sign is Aquarius.
Noel Anne Daoust's spouse
Noel is married to Christian Rasmus Holmes IV, who has held senior positions at various government, academia, and private agencies. He previously worked at USAID, US Environmental Protection Agency, US Trade and Development Agency, Rice University GETF, Tenneco Energy, and Rice University.
Christian was the vice president of the now-defunct energy firm Enron which closed its doors in 2007 after being involved in one of the largest accounting frauds in US history. He has a BA in Government from Wesleyan University and previously served in the US Army.
According to ABC News, Christian is a descendant of Charles Louis Fleischmann, the founder of the renowned Fleischman Yeast company. His great-grandfather Christian R. Holmes was an influential surgeon who had the Cincinnati General Hospital named after him.
The Holmes' rich family history would later become part of Elizabeth's biotech con. She used her previous lineage success in entrepreneurship and medicine to lure investors into Theranos.
Noel Anne Daoust's children
Noel shares two children with her husband, Christian. Her firstborn is daughter Elizabeth who grew up as a self-driven young girl. She excelled in school, ran track, and was accepted into Stanford University in 2002 to pursue chemical engineering before dropping out in her second year to focus on Theranos.
Daoust's youngest son, Christian Holmes V, graduated from Duke University in 2009. He worked as an analyst in Washington, DC, before being hired by his sister Elizabeth to work at Theranos despite having no healthcare or science-related background. Unlike his sister, Christian was not charged when the Theranos fraud was discovered.
Noel Holmes' career
Noel was employed in government as a policy aide on Capitol Hill and once worked with Rep. Charlie Wilson. She later quit to become a stay-at-home mother.
What did Elizabeth Holmes' parents do?
According to psychiatrist and inventor Richard Fuisz, who lived near the Holmes family in the Virginia suburbs of Washington, DC, Elizabeth was under pressure from her parents. The Holmes were obsessed with money and hoped to become one of the wealthiest families in the US using their connections.
Fuisz told Forbes that Noel programmed her daughter to be an inventor. After Elizabeth dropped out of Stanford in 2003, her father, Chris, used his connections to ensure she met venture capitalists Donald L Lucas and Larry Ellison, who later invested in Theranos. Her parents also used her remaining college and retirement fund to finance the Theranos idea.
How much is Elizabeth Holmes' family worth?
Before Theranos' fraudulent technology was exposed in 2015 by Wall Street Journal reporter John Carreyrou, Elizabeth Holmes was one of the world's youngest billionaires with a net worth of $4.5 billion. In 2023, Forbes lists her net worth as $0.
Where are Elizabeth Holmes' parents now?
Elizabeth Holmes' dad, Christian, has been the senior advisor at The Boston Consulting Group (BCG) since February 2017. The Holmes family lived in the suburbs of Washington, DC, before moving to Houston, Texas, when Christian got hired at Enron. They returned to Washington after Enron's collapse and were helped to settle down by their former neighbour Richard Fuisz.
Since the collapse of Theranos, Elizabeth Holmes' parents have remained supportive of their daughter and were with her throughout her fraud trial. The Theranos founder started serving her 11-year sentence at a low-security prison on 27th April 2023.
Briefly.co.za published the story of B.R. Shetty, an Indian businessman who was once one of the world's richest people. He founded and acquired several international companies, including UAE-based NMC Health, Finablr, and BRS Ventures.
Shetty migrated to the UAE in 1973 with just $8, and through a clear vision and powerful political connections, he rose to become one of the world's most influential entrepreneurs. However, things started to crumble in late 2019 after US-based short seller Muddy Company revealed potential fraud at NMC.
Source: Briefly News